Finance, Banking and Economic News - 6 January 2011 - page 2 - financiare.ro
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Finance, Banking and Economic News
6 January 2011



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Azomureş Târgu-Mureş (AZO), leader of Romania's chemical fertiliser market, is likely to significantly boost its market share domestically if businessman Ioan Niculae, owner of Interagro, does not change his mind about closing all the chemical plants he owns in Romania. read more...


Euro is likely to slide to 4.15 RON in the first quarter, from 4.26 RON at present, believe ING analysts, who surprisingly revised their forecast yesterday in the wake of the good news piling up in recent weeks. read more...


The IMF will make around 3.6 billion euros available to Romania as part of the new precautionary arrangement, which will most likely be a one-year arrangement sealed after the completion of the current programme in May, but the money will be accessed only in case of an emergency, said government sources. read more...


The number of Romanians who saved some money to catch January promotional offers is not very high, considering the number of week-time visitors in the shopping centres of Bucharest. Moreover, consumers are not satisfied with the discounts displayed by stores, either. read more...


Over 5% of the capital of Fondul Proprietatea (Property Fund) has changed hands in December, the last month ahead of the Stock Exchange flotation, when the state surrendered around 2.6% of its own stake to former owners, while private shareholders traded another 2.6% of the capital, taking advantage of the last few days of grey market. read more...


Romania could record a 2% economic growth in 2011 after two years of recession, and cut its budget deficit to 4.4% of GDP, but political risks remain high, Fitch rating agency believes. read more...



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